Sumitomo Mitsui Trust Holdings Inc. Decreases Stock Position in Darling Ingredients Inc. (NYSE:DAR)

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in Darling Ingredients Inc. (NYSE:DARFree Report) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 438,401 shares of the company’s stock after selling 19,321 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.27% of Darling Ingredients worth $20,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Darling Ingredients by 1,412.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock worth $25,000 after purchasing an additional 466 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of Darling Ingredients in the first quarter worth about $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Darling Ingredients in the fourth quarter worth about $29,000. Stone House Investment Management LLC grew its stake in shares of Darling Ingredients by 100.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of Darling Ingredients by 483.8% in the fourth quarter. Headlands Technologies LLC now owns 794 shares of the company’s stock worth $40,000 after purchasing an additional 658 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Scotiabank cut their target price on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. JPMorgan Chase & Co. cut their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. TD Cowen cut their price objective on Darling Ingredients from $51.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, June 13th. Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Wednesday, June 12th. Finally, Stifel Nicolaus cut their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Monday, May 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.45.

Check Out Our Latest Stock Analysis on Darling Ingredients

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $36.26 on Wednesday. Darling Ingredients Inc. has a twelve month low of $33.94 and a twelve month high of $71.60. The firm has a market cap of $5.79 billion, a P/E ratio of 10.85 and a beta of 1.26. The company has a 50 day moving average of $39.46 and a 200 day moving average of $42.70. The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 0.93.

Darling Ingredients (NYSE:DARGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. Darling Ingredients’s revenue was down 20.7% on a year-over-year basis. As a group, research analysts expect that Darling Ingredients Inc. will post 2.65 EPS for the current fiscal year.

About Darling Ingredients

(Free Report)

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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Institutional Ownership by Quarter for Darling Ingredients (NYSE:DAR)

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